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Posts from ‘April, 2006’

The Guardian: From traders to tankers: who makes a mint out of $70-barrel oil

From traders to tankers: who makes a mint out of $70-barrel oil This week petrol prices broke new records in Britain and the US, creating political fallout for President Bush and pushing UK fuel towards £1 a litre. But who is getting rich? We offer a dollar-by-dollar guide to a $2.4trillion global oil industry Saturday [...]

THE NEW YORK TIMES: Many Friends Help Open New Orleans Fest

Many Friends Help Open New Orleans Fest E-Mail Print Reprints Save   By JON PARELES Published: April 29, 2006 NEW ORLEANS, April 28 — Of course Bob Dylan had the appropriate songs when he headlined the first day of the 37th New Orleans Jazz and Heritage Festival, a celebration of New Orleans culture where Hurricane [...]

MarketWatch: Petrobras completes purchase of Shell Colombia assets

MarketWatch: Petrobras completes purchase of Shell Colombia assets   Apr 28, 2006   RIO DE JANEIRO (MarketWatch) — Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Friday said it has completed the acquisition of Royal Dutch Shell PLC's (RDSB.LN) fuel and distribution businesses in Colombia.   Petrobras is buying 39 gasoline stations and [...]

BREITBART.COM: Shell unveils plans for 'biggest refinery in US'

Shell unveils plans for 'biggest refinery in US'Apr 28 11:03 AM US/Eastern   Anglo-Dutch oil group Royal Dutch Shell has announced plans to make its jointly owned Motiva refinery in Port Arthur, Texas, the biggest in the United States. Shell founded the Motiva refiniery in 1998 with Saudi Refining and is considering increasing the output [...]

Forbes/AFX News Limited: Shell jnv Motiva plans US refinery expansion

Forbes/AFX News Limited: Shell jnv Motiva plans US refinery expansion   04.28.2006   LONDON (AFX) – Motiva Enterprises LLC, jointly owned by Royal Dutch Shell PLC and Saudi Refining Inc, said it plans to increase its oil refining capacity at Port Arthur in Texas by 325,000 barrels per day.   The additional capacity will be [...]

Unison.ie, Ireland: Corrib gas project 'has polluted Mayo drinking water'

Unison.ie, Ireland: Corrib gas project 'has polluted Mayo drinking water'   08:06 Friday April 28th 2006     Opponents of the Corrib gas pipeline are claiming that drinking water from Carrowmore Lake in Co Mayo has been heavily contaminated as a result of the project.   The Shell to Sea campaign says the water has [...]

Daily Telegraph: BP and Shell join oil majors facing Senate tax check

BP and Shell join oil majors facing Senate tax checkBy David Litterick in New York  (Filed: 28/04/2006) BP and Shell are about to be dragged into the latest row over high petrol prices after a US Senate committee demanded to see tax returns from the 15 largest oil companies as part of an inquiry into [...]

THE WALL STREET JOURNAL: Oil-News Roundup

Oil-News Roundup The WALL STREET JOURNAL ONLINEApril 28, 2006 12:40 a.m. Oil fell to nearly $71 a barrel Thursday on the New York Mercantile Exchange. But crude prices are still up 16% this year and analysts believe they will stay lofty, thanks to brisk global demand and seemingly endless supply worries. Here is today's well [...]

The Guardian: Putin's grand plan triggers governance backlash

Putin's grand plan triggers governance backlash Investors harbour anxieties about standards of eastern bloc firms listing in London Terry Macalister and Jill TreanorFriday April 28, 2006The Guardian Vladimir Putin's ambitions for state-owned energy companies such as Gazprom and Rosneft to become global giants is triggering a backlash in western countries, including high-level complaints about the [...]

THE NEW YORK TIMES: G.O.P. Senators Hurry to Quell Furor Over Gas

G.O.P. Senators Hurry to Quell Furor Over Gas E-Mail Print Single Page Reprints Save By CARL HULSE Published: April 28, 2006 WASHINGTON, April 27 — Senate Republicans tried on Thursday to get the upper hand in the escalating political battle over high gasoline prices by proposing a $100 rebate for taxpayers and by suggesting that [...]

THE NEW YORK TIMES: Feds propose $100 million hydrogen prize

Feds propose $100 million hydrogen prize E-Mail Print Save Anne Broache, for News.com   WASHINGTON–Rising gas prices have sparked a new proposal in Congress that would pony up millions of taxpayer dollars to reward hydrogen energy breakthroughs. Backed primarily by Republicans, the H-Prize Act of 2006 would create three categories of prizes to be awarded [...]

THE NEW YORK TIMES: Exxon Mobil 1Q Profit Up 7 Pct. to $8.4B

Exxon Mobil 1Q Profit Up 7 Pct. to $8.4B E-Mail Print Save By THE ASSOCIATED PRESS Published: April 28, 2006 Filed at 2:19 a.m. ET DALLAS (AP) — Exxon Mobil Corp. posted the fifth-highest quarterly profit for any public company in history on Thursday, and with oil prices above $70 a barrel it could go [...]

Reuters: WWF stresses oil spill dangers of Sakhalin project

WWF stresses oil spill dangers of Sakhalin project 28 Apr 2006 00:02:06 GMTSource: Reuters GENEVA, April 28 (Reuters) – The European Bank for Reconstruction and Development (EBRD) should not make loans to Shell's giant energy project off Russia's Pacific coast without more measures to protect the environment, WWF said on Friday. The conservation group said [...]

Reuters: Exxon Mobil profit rises on soaring prices

3-MONTH PROFIT: $8,400,000,000.00 ($8.4 BILLION)     Thu Apr 27, 2006 8:42am ET   NEW YORK (Reuters) – Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported quarterly profit surged, driven by rising oil prices.   Net income in the first quarter was $8.4 billion, or $1.37 a share, up from [...]

Forbes/AFX News Limited: India ONGC to pay Shell 170 mln usd for 15 pct stake in Brazil oilfield – PTI

04.27.2006   NEW DELHI (AFX) – India's state-run Oil and Natural Gas Corp (ONGC) plans to pay oil giant Royal Dutch Shell about 170 mln usd for a 15 pct stake in a Brazilian oil field, the Press Trust of India (PTI) news agency reported.   'The upfront payment for acquiring a 15 pct stake [...]